An accounting firm is capable of processing 20 EZ tax forms per day, and the average number of forms on-hand in the office is 74 forms. What is the average processing time per EZ tax form? Assume Little's Law is applied. Round your answer to two decimal places.  days

Practical Management Science
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An accounting firm is capable of processing 20 EZ tax forms per day, and the average number of forms on-hand in the office is 74 forms. What is the average processing time per EZ tax form? Assume Little's Law is applied. Round your answer to two decimal places.

 days

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Step 1 Introduction:-

Queuing theory is the study of waiting for lines/queues. This model helps to determine the length and the waiting time that each complement of the process needs to do. This helps to know the correct time and the number of resources that are needed for the completion of the process without any delay.

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